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HomeMy WebLinkAbout2024 02_OPWA Budget AdoptionL�NT4c� ` cOc Tulsa County Clerk- MICHAEL V 9 : U Doc #: 2024054011 Page(s): 1 07/05/2024 03:31:49 PM .a •'• � ; t :' Receipt* 2024-37474 Fees: $18.00 OWASSO PUBLIC WORKS AUTHORITY OWASSO, OKLAHOMA RESOLUTION 2024-02 A RESOLUTION PROVIDING FOR THE ADOPTION OF AN ANNUAL BUDGET FOR FISCAL YEAR 2024-2025 FOR THE OWASSO PUBLIC WORKS AUTHORITY WHEREAS, The Owasso Public Works Authority was created as a Title 60 Public Trust; and WHEREAS, The Authority Manager has prepared a budget forfiscal year ending June 30, 2025 (FY 2024-2025); and WHEREAS, the budget has been formally presented to the Trustees; and WHEREAS, certain budget filing requirements are mandated by State Statutes. NOW, THEREFORE, BE IT RESOLVED BY THE TRUSTEES OF THE OWASSO PUBLIC WORKS AUTHORITY, THAT: SECTION ONE (1): The Owasso Public Works Authority does hereby adopt the FY 2024-2025 Budget with total resources available in the amount of $51,656,936 and total expenditure appropriations in the amount of $49,883,820 as follows: Administration 1,380,553 Utility Billing 620,844 Water 5,517,969 Wastewater Treatment Plant 1,656,242 Wastewater Collections 1,441,638 Refuse 1,584,742 Recycle Center 289,947 Debt Service 11,898,900 Tax Increment Financing 595,643 Interfund Transfers Out 24,897,342 Total Expenditures 49,883,820 SECTION TWO (2): The effective date of this Resolution shall be July 1, 2024. Juliann M. St@dqFq�,4vth©ntfCrl oQ •'• s = 4. SEAL Via: *O= 73, a .... . ?�ZAHON� `111111110 %t% PASSED AND A_ PPROVED this 18fh day of June 2024. Alvin Fruga, Chair APP D ,4S TO RM: Julie ombardi, Authority Attorney TO: FROM: SUBJECT: DATE: sd The Honorable Chair and Trustees Owasso Public Works Authority (OPWA) Carly Novozinsky, Finance Director APPROVED BY TRUSTEES JUN 18 2024 Resolution 2024 -02 FY 2024 -2025 Annual Owasso Public Works Authority (OPWA) Operating Budget June 14, 2024 BACKGROUND: Pursuant to statutory and Charter provisions, an annual operating budget for the General Fund, Owasso Public Works Authority (OPWA) Fund, Owasso Public Golf Authority (OPGA) Fund and other funds has been developed and was transmitted for City Council review on May 7, 2024. The proposed budget was discussed during the May and June City Council worksession meetings. Printed copies of the proposed budget have been available for public viewing at City Hall, on the City's website, and at the Owasso Public Library. Resolution 2024 -02 provides for the adoption of a fiscal year budget for the Owasso Public Works Authority. PUBLIC HEARING: On May 22, 2024, and May 29, 2024, legal notices of the public hearing were published in the Owasso Reporter; and such hearing was conducted on June 4, 2024. The public hearing provided opportunity for citizen comment and questions relating to the proposed budget. There were no citizen comments provided. RECOMMENDATION: Staff recommends approval of Resolution 2024 -02 adopting a Fiscal Year 2024 -2025 Budget for the Owasso Public Works Authority. ATTACHMENT: OPWA Resolution 2024 -02